Workers鈥� Compensation Safety Records Can Affect Your Bond Capacity

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Once an owner or developer selects your company for a construction project, one of your many tasks is to ensure that your workers鈥� compensation program meets all contractual requirements.

On larger projects, construction contracts normally detail which contractor is responsible for ensuring all workers have workers鈥� comp coverage. Not all contracts are as clear as they should be, however. Many smaller construction projects occur with a simple handshake. Relying on your subcontractors to furnish their own workers鈥� compensation coverage can lead to problems for your construction company, including difficulty in obtaining the surety bonds you need.